Sahara Energy Ltd.: Successful Well Drilled on Blackfoot Lands
Investing News Network - October 19th, 2010
Sahara Energy Ltd. (CVE:SAH) reports that Forent Energy Ltd. has successfully completed drilling at the first farm-in well on Sahara’s Blackfoot lands.
Sahara Energy Ltd. (TSXV:SAH) reports that Forent Energy Ltd. has successfully completed drilling at the first farm-in well on Sahara’s Blackfoot lands.
The press release is quoted as saying:
The well is currently producing at a rate of 50 barrels of oil per day. Sahara owns a 15% royalty on the well convertible to a 50% working interest after payout.